Latest Reporting by The Hindu — Business
20 Stories Indexed
Tata Trusts rejects Tata Sons Board’s reappointment of Chandrasekaran; declares vote ‘void ab initio’
Tata Trusts has rejected the reappointment of Chandrasekaran to the Tata Sons board, stating that the required affirmative support from Tata Trusts nominee directors was not provided, rendering the vote void.
The decision undermines the governance structure of Tata Sons, potentially affecting its leadership continuity and stakeholder confidence.
Bengaluru-based A-One Steels India to raise ₹405 crore in an IPO
Promoters say, the company’s manufacturing plants in South of India, mostly in Karnataka, will cater to the demand from the entire country
India's exports to core BRICS markets surge 34% in April-August; China leads
The share of the core BRICS countries in India's total exports increased from 9.2% during the first five months of this fiscal from 8.1%
FPIs turn cautious; withdraw ₹20,974 crore from equities in September amid global uncertainty
Foreign portfolio investors reversed their previous buying trend by pulling out ₹20,974 crore from Indian equities during September. This cautious shift follows significant net investments made by these investors in both July and August amid prevailing global economic uncertainty.
After October 1, only smaller 5 or 10 kg LPG refills await non-eKYC households
Households that have not completed their eKYC verification will face restrictions on liquefied petroleum gas purchases starting October 1. These consumers will be limited to smaller five or 10 kilogram cylinder refills. Meanwhile, individuals who completed the required BAA process will maintain access to standard refills at regulated prices with subsidies.
Six companies line up IPOs worth ₹3,825 crore amid brisk primary market activity
Six companies have scheduled initial public offerings totaling ₹3,825 crore, with public subscription periods running from September 22 to September 28. This batch of upcoming share sales highlights a period of active primary market fundraising in the region.
NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman
NMDC, India's largest iron ore producer, plans to raise its output to 60 MT this fiscal year and reach 100 MT by 2030-31. This move aligns with the National Steel Policy 2017, which aims for 300 MT of domestic steel capacity by 2030-31. The company's expansion could influence the domestic iron ore supply chain and steel industry.
Battle lines in the boardroom | Tata Sons
The group’s promoter company faces questions over leadership, ownership and regulatory issues amid growing differences over who should serve as its executive chairman and whether the company should be listed
CWC chief flags ‘malpractices’ in phytosanitary certification, pitches integrated logistics to boost agri-exports
Santosh Sinha says CWC’s technical expertise and end-to-end logistics capabilities could help reduce export rejections
Demand for next generation SME workspaces on the rise as promoters enter valuations game
The market for advanced small and medium enterprise workspaces is experiencing increased demand. Concurrently, business promoters are becoming more active in negotiations surrounding company valuations.
Maharashtra discom MSEDCL adopts AI, ML module to detect power theft
Maharashtra's Maharashtra State Electricity Distribution Company (MSEDCL) has introduced an artificial intelligence and machine learning module to identify and prevent power theft across its network. The system analyzes consumption patterns to flag irregular usage. The initiative aims to reduce losses and improve service reliability.
NTPC terminates ₹413 crore BESS contract as contractor fails to meet obligations, achieve progress
NTPC added that it has encashed ₹91 crore from GRIL’s bank guarantees.
The price of AI is falling; why are enterprises still spending more? Explained
Cheaper tokens are encouraging wider use while increasingly complex AI workloads drive up consumption
CITI expresses concern over potential additional tariffs by the U.S.
Citigroup (CITI) has voiced concerns that the U.S. may impose further tariffs, potentially impacting trade and markets. The bank's warning highlights uncertainty for businesses reliant on U.S. trade policies.
German, European industries study possibilities of shifting part of production bases to other countries
German and European companies are examining the feasibility of relocating portions of their manufacturing operations abroad, assessing potential benefits such as cost savings and supply‑chain resilience. The study reflects broader trends in global production shifts.
‘They called it a gift, then I sat with the gazette’: Prakash Raj on UPI fee
The actor and political activist asks hard questions about the new UPI fee that has been announced by the Indian government
Ansell to manufacture gloves at Perundurai plant for key global markets
Ansell plans to utilize its Perundurai manufacturing facility to produce gloves destined for major international markets, including the United States and the United Kingdom. This operational move establishes the facility as a key production hub for the company's global supply chain.
Government can bear cost of maintaining UPI network: BJD MP Santrupt Misra
BJD parliamentarian Santrupt Misra stated that the government should absorb the costs associated with running the Unified Payments Interface network. He noted that the National Payments Corporation of India, the operator of UPI, is backed by major financial institutions and platforms.
WBPDCL starts sale of surplus coal to NTPC
The West Bengal Power Development Corporation Limited has initiated the sale of surplus coal to NTPC. Under this arrangement, the state utility plans to supply a total of 3.5 million tonnes of excess coal through March 2027.
Anthropic, Accenture to invest $2 billion in AI model evaluation as safety concerns rise
Anthropic and Accenture have announced a combined two billion dollar investment focused on evaluating artificial intelligence models. This initiative is designed to address increasing demands from researchers, regulators, and businesses for safer and more reliable technology.
